Why Industrial Minerals Company U.S. Silica Shares Are Rocketing Today
Why Industrial Minerals Company U.S. Silica Shares Are Rocketing Today
U.S. Silica Holdings, Inc. (NYSE:SLCA) shares are trading higher after the company inked a deal to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) for around $1.85 billion.
美國二氧化硅控股公司（紐約證券交易所代碼：SLCA）的股價走高，此前該公司簽署了一項協議，將由阿波羅環球管理公司（紐約證券交易所代碼：APO）的關聯公司管理的基金以約18.5億美元的價格收購。
M&A Deal: As per the deal, U.S. Silica shareholders will receive $15.50 per share in cash for each share they own, representing an 18.7% premium to its closing share price as of $13.06 on April 25 and a 33.0% premium to 90-day volume-weighted average share price for the period ended April 25.
併購交易：根據該交易，美國二氧化硅股東每持有一股將獲得每股15.50美元的現金，較截至4月25日的收盤股價13.06美元溢價18.7％，比截至4月25日的90天成交量加權平均股價高出33.0％。
The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions. The agreement includes a 45-day "go-shop" period that will expire on June 10.
該交易預計將於2024年第三季度完成，但須遵守慣例成交條件。該協議包括45天的 “上市” 期，該期限將於6月10日到期。
Post deal completion, the company will no longer be listed on the New York Stock Exchange, and will become a private company.
交易完成後，該公司將不再在紐約證券交易所上市，並將成爲一傢俬營公司。
Bryan Shinn, Chief Executive Officer, said, "By partnering with Apollo Funds, we gain significant resources, deep industry expertise and enhanced flexibility as a private company to pursue the many market opportunities in front of us and invest in innovative capabilities that enable value-added offerings for customers."
首席執行官布萊恩·希恩表示：“通過與阿波羅基金合作，作爲一傢俬營公司，我們獲得了大量資源、深厚的行業專業知識和更高的靈活性，可以抓住擺在我們面前的衆多市場機會，投資於爲客戶提供增值產品的創新能力。”
Earnings: Also, the company reported first-quarter FY24 results, with adjusted EPS of $0.20, in line with the consensus, and sales of $325.9 million missed the consensus of $336.6 million.
收益：此外，該公司公佈了24財年第一季度業績，調整後的每股收益爲0.20美元，符合市場共識，3.259億美元的銷售額未達到預期的3.366億美元。
Total tons sold declined 17% Y/Y to 4.092 million in the quarter.
本季度總銷量同比下降17％，至409.2萬噸。
Operating cash flow stood at $40.9 million, and capital expenditures came in at $12.4 million in the quarter.
本季度運營現金流爲4,090萬美元，資本支出爲1,240萬美元。
As of March-end, the company had cash and cash equivalents of $234.5 million and total debt of $809.5 million.
截至3月底，該公司的現金及現金等價物爲2.345億美元，債務總額爲8.095億美元。
Shinn added, "In our Oil & Gas segment, volumes were up 5% sequentially, although our margins were impacted by slightly lower pricing, driven in part by lower natural gas prices."
Shinn補充說：“我們的石油和天然氣板塊的銷量連續增長了5％，儘管我們的利潤率受到價格略有下降的影響，部分原因是天然氣價格下跌。”
Investors can gain exposure to the stock via Invesco S&P SmallCap Energy ETF (NASDAQ:PSCE) and SPDR Series Trust SPDR S&P Oil & Gas Equipment & Services ETF (NYSE:XES).
投資者可以通過景順標普小型股能源ETF（納斯達克股票代碼：PSCE）和SPDR系列信託基金SPDR標普石油與天然氣設備與服務ETF（紐約證券交易所代碼：XES）獲得股票敞口。
Price Action: SLCA shares are up 20.2% at $15.70 at the last check Friday.
價格走勢：在週五的最後一次支票中，SLCA股價上漲20.2％，至15.70美元。
Image sourced from Shutterstock
圖片來自 Shutterstock